The best grocery credit cards in Canada can offer up to 6x points for every dollar spent and 5% in cashback. Many of the best credit cards in Canada offer cashback or rewards value of up to 5% for grocery shopping. Most credit cards for groceries are also instant approval credit cards that allow you to get approved within minutes.
A credit card for grocery shopping can help you save on groceries if you use your card correctly. Credit cards may not recognize some stores as grocery stores, and some cards may not be accepted in some stores. For example, American Express Cobalt offers 5x membership points for every dollar spent in grocery stores but cannot be used in Costco or Loblaws Supermarkets. You may also consider a store credit card if you shop mostly at a certain grocery chain. Many grocery stores offer no-fee credit cards with great rewards on groceries.
Some credit cards may also cap the cashback or bonus points you can receive from grocery purchases. For example, BMO Cashback Mastercardoffers 3% cashback on eligible grocery stores but only for up to $500 in monthly spending. Understanding the limitations of your credit card can help you maximize the rewards you get from the card.
Some credit cards may also have a cap on the amount of cashback or bonus points you can receive from grocery purchases. For example, BMO Cashback Mastercard offers 3% cashback on eligible grocery stores but only for up to $500 in monthly spending. Understanding the limitations of your credit card can help you maximize the rewards you get from the card.
Best Rewards Credit Card for Groceries
$120.00
Purchase: 19.99%
Cash: 24.99%
Transfer: 22.99%
Household: $150,000
Individual: $80,000
580
or More
1 MBNA Point ≈ ¢1
Best Cash Back Credit Card for Groceries
$120.00
Purchase: 20.99%
Cash: 23.99%
Transfer: 23.99%
Household: $150,000
Individual: $80,000
580
or More
Best No Fee Credit Card for Groceries
$0.00
Purchase: 20.99%
Cash: 22.99%
Transfer: 22.99%
No Income Required
580
or More
Best Rewards Credit Cards for Gas + Groceries
$155.88
Purchase: 20.99%
Cash: 21.99%
No Income Required
580
or More
1 AMEX Point ≈ ¢1
Best Cashback Credit Cards for Gas + Groceries
$99.00
Purchase: 19.50%
Cash: 21.99%
Household: $100,000
Individual: $60,000
580
or More
Best No Fee Credit Card for Gas + Groceries
$0.00
Purchase: 21.99%
Cash: 22.97%
Household: $150,000
Individual: $80,000
580
or More
1 PC Point ≈ ¢0.1
How we Sort Credit Cards: We sort credit cards based onand the card's annual fee. We estimate the dollar value of the rewards you would get based on your spending categories, and we subtract the annual fee the card charges to get the best credit cards for your spending habits. We also use the salary to filter out cards based on the minimum income requirement.
$48.00
Purchase: 20.99%
Cash: 22.99%
No Income Required
580
or More
1 Avion Point ≈ ¢0.58
$120.00
Purchase: 20.99%
Cash: 23.99%
Transfer: 23.99%
Household: $100,000
Individual: $60,000
580
or More
1 BMO Point ≈ ¢0.33
$120.00
Purchase: 20.99%
Cash: 22.99%
No Income Required
580
or More
1 Scene+ Point ≈ ¢0.7
$139.00
Purchase: 20.99%
Cash: 22.99%
Household: $100,000
Individual: $60,000
580
or More
1 Aeroplan Point ≈ ¢1
$0.00
Purchase: 20.99%
Cash: 22.99%
Transfer: 22.99%
No Income Required
580
or More
$0.00
Purchase: 20.99%
Cash: 21.99%
No Income Required
580
or More
Check out other Cash Back Credit Cards.
$0.00
Purchase: 20.99%
Cash: 22.99%
Transfer: 22.99%
No Income Required
580
or More
1 Air Miles Point ≈ ¢10
$0.00
Purchase: 20.99%
Cash: 22.99%
Transfer: 22.99%
No Income Required
580
or More
$0.00
Purchase: 20.99%
Cash: 21.99%
No Income Required
580
or More
You should look at welcome bonuses, rewards, and annual fees offered by credit cards before choosing one. The best grocery credit card should be reasonably priced and offer rewards for the grocery stores you shop in. It is even better if the credit card has a generous welcome bonus and a low annual fee.
A lot of credit cards have a welcome bonus. Welcome bonuses can be very generous and can offer rewards and other perks that value up to thousands of dollars. Many people use a credit card churning strategy to take the reward of welcome bonuses without paying hefty annual fees.
Card | Welcome Bonus |
---|---|
CIBC Aeroplan Visa Infinite Privilege Int. Rate: 20.99% Annual Fee: $599.00 | Up to 80000 Aeroplan points in Welcome Bonus Rewards:
|
AMEX Gold Rewards Int. Rate: 20.99% Annual Fee: $250.00 | Up to 60000 AMEX points in Welcome Bonus Rewards:
|
CIBC Aeroplan Visa Infinite Int. Rate: 20.99% Annual Fee: $139.00 | Up to 50000 Aeroplan points in Welcome Bonus Rewards:
|
AMEX SimplyCash Preferred Int. Rate: 20.99% Annual Fee: $119.88 | Up to $400.00 in Welcome Bonus Rewards:
|
CIBC Aventura Visa Infinite Int. Rate: 20.99% Annual Fee: $139.00 | Up to 60000 Aventura points in Welcome Bonus Rewards:
|
Usually, credit card rewards either come in the form of cashback or loyalty points. Cashback offers cash as a reward, while loyalty point rewards offer rewards from an applicable loyalty program, for example Aeroplan rewards.
Cashback
If the cashback rate for a card is 4% on groceries, you earn 4% back on every purchase that qualifies as a grocery purchase. The cashback rewards are accumulated in your account and usually can be redeemed to pay off your credit card bill.
Reward Points
Reward points are not as straightforward as cashback. The redemption value of reward points usually varies depending on how you redeem them. Scene+ rewards points can be redeemed 1 cent per point for Cineplex movie tickets and 0.7 CPP for the statement credit.
If your best credit card for groceries has a high annual fee, you may want to look for another grocery credit card. High annual fees can easily outweigh the benefit of having a grocery rewards card. For example, if you have a credit card with an annual fee of $100 and your annual reward is $100, your net reward for the year is $0. You should consider how much you will charge the card before picking an annual fee that will work for you.
Annual Cost | Standard Benefits | Our Top Picks |
---|---|---|
$0 |
| |
$39 |
| |
$99 |
| |
$120 |
| |
Over $120 |
|
It is also important to know your interest rates, insurance included, and other perks your credit card has. Even though these items are not as important, they may still affect your card's value.
Many people consider interest rate an important factor in choosing a credit card, but a rewards credit card should never have a balance. If you plan to carry a balance on your credit card, consider a low-interest credit card to minimize your interest charges.
If you plan to use your credit card while traveling, you should consider a travel credit card or a credit card with travel insurance. These credit cards may not have as much value at home, but they can be helpful abroad when medical services are needed.
Not all Walmart stores are considered grocery stores by credit card networks. While VISA and AMEX don’t categorize Walmart as grocery stores, Mastercard has categorized only Walmart Supercentres as grocery stores. If you shop for groceries at Walmart Supercentres, you should consider getting a Mastercard.
Costco stores are also not categorized as grocery stores by credit card networks. Instead, Costco is categorized as a discount merchant, and you will earn only the base cash back or reward points rate at Costco. To maximize rewards at Costco, you can get a CIBC Costco credit card that offers up to 3% on Costco purchases.
Costco accepts only Mastercard credit cards for credit card payments. Costco does not accept Visa and AMEX credit cards. Considering that Costco is not categorized as a grocery store by credit card networks, you could use a Mastercard that offers a high base reward rate to earn maximum rewards at Costco.
No Frills now accepts both Visa and Mastercard Credit Cards. No Frills does not accept AMEX credit cards at this time. No Frills also does not currently accept Mastercard Debit.
Major Canadian groceries that accept AMEX are Walmart, Sobeys, Longo’s, IGA, FreshCo, Rabba, Metro, Farm Boy, Foodland, Safeway, Pusateri’s, 88 Supermarket, and Whole Foods. Some stores, such as the Loblaws Companies, do not accept AMEX. You can also use AMEX to purchase groceries through Instacart.